In this chapter, Don Drummond makes the case that with large deficits there was little room for the Bank of Canada to … argues that the elimination of the deficit has reduced risk premia and allowed the Bank of Canada to bring interest rates …

in Canada, Fortin lays the blame for the inferior economic performance of the Canadian economy relative to the U ….S. economy squarely on the back of the Bank of Canada, and dismisses structural explanations of the recession as lacking an …

links between monetary policy and the economic well-being of Canadians. The Bank of Canada economists do admit that tight …

uncorrelated noise and systematic errors. Our previous model of inflation and unemployment in Canada is enhanced by the … price inflation accompanied by a substantial fall in the rate of unemployment. Therefore, the new monetary policy in Canada … developed an integral technique similar to CUSUM using an empirical model quantitatively linking the rate of inflation and …

impact on the economy—given better anchored inflation expectations and inflation being less responsive to variation in … effectiveness may moderate in graying societies. It then uses Bayesian estimation techniques for the U.S., Canada, Japan, U.K., and … Germany to confirm a weakening of monetary policy effectiveness over time with regards to unemployment and inflation. After …

, Bank Rate and CRR kept unchanged. * GDP growth forecast at around 8.0 per cent during 2006-07. * Inflation to be contained …

Many central banks target an inflation rate near two percent. This essay argues that policymakers would do better to … target four percent inflation. A four percent target would ease the constraints on monetary policy arising from the zero … cost, because four percent inflation does not harm an economy significantly. …

variables move over time and analyzes how they influence macroeconomic variables such as economic growth, inflation, savings and …